Nigeria repays 10-year-old $500m Eurobond debt
The DMO said Nigeria had previously redeemed a 500 million dollars Eurobond in July 2018, another 500 million dollars Eurobond in January 2021.
Nigeria repays 10-year-old $500m Eurobond debt. [proshareng]
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A statement by the Debt Management Office (DMO), the Eurobond said it was issued in July 2013 as part of a dual-tranche one billion dollars Eurobond for a tenor of 10 years at a coupon of 6.375 per cent per annum.
The DMO said that redemption of the Eurobond was a demonstration of the country’s commitment to meeting its debt service obligations.
It said that Nigeria had previously redeemed a 500 million dollars Eurobond in July 2018, another 500 million dollars Eurobond in January 2021, and a 300 million dollars Diaspora Bond in June 2022.
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“These, together with the 500 million dollars Eurobond redeemed today, bring the total amount of securities redeemed by Nigeria in the International Capital Market (ICM) to 1.8 billion dollars.
“Nigeria’s successful redemption of its Eurobonds and Diaspora Bond in the ICM over the past six years is a demonstration of its strong debt management operations and planning," the DMO said.
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